Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

Would a firm enter a competitive industry in which there are currently economic profits if it knows that economic profits will be zero in the

Would a firm enter a competitive industry in which there are currently economic profits if it knows that economic profits will be zero in the long run? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: N. Gregory Mankiw, William M. Scarth

5th Canadian Edition

1464168504, 978-1464168505

More Books

Students also viewed these Economics questions

Question

★★★★★

How does a global networked organization differ from the matrix structure?

Answered: 1 week ago

Question

★★★★★

What are risks of medicating youths with ADHD?

Answered: 1 week ago

Question

★★★★★

=+b) Find the value of the Variance Inflation Factor for Displacement in the regression on MSRP.

Answered: 1 week ago

Question

★★★★★

Indicate whether each of the statements that follow is more applicable to a perpetual inventory system, periodic inventory system, or both. 1. Inventory figure is not accurate until the balance sheet...

Answered: 1 week ago

Question

★★★★★

Question 1: Question 2: Crane Corporation had 98,000 common shares outstanding on December 31, 2019. During 2020, the company issued 12,000 shares on March 1, retired 7,600 shares on July 1, issued a...

Answered: 1 week ago

Question

★★★★★

please zoom question 1 up to see x3 - 2x2 + x 2x2 - 5x - 3 lim 4 . lim the x2 - 1 x - 3 question x4 - 16 5 . clearly 2. ex - 1 lim X-2 x - 2 Vx+ 6 -x ex - ex lim 3 . lim 6 x - 3 evaluate the...

Answered: 1 week ago

Question

★★★★★

Exercise 2-26A Relationship of accounts to financial statements LO 2-8 Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in...

Answered: 1 week ago

Question

★★★★★

Thornton Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month Service hours Revenue Operating costs July Aug. 120 136 $6,000...

Answered: 1 week ago

Question

★★★★★

3. A new machine has an initial cost of $300,000, an estimated useful life of 2000 hours of use over a 3- year period, and an estimated residual value of S70000. Usage rates are estimated as 500...

Answered: 1 week ago

Question

★★★★★

Factors contributing to behaviors of concern can be: environmental systemic and structural including discrimination physical emotional medications structural individual relational Read the text for...

Answered: 1 week ago

Question

★★★★★

Let's Apply Use the Venn diagram to identify elements formed in hydrogen burning processes: Proton-proton chain reaction (PPCR) and carbon-nitrogen-oxygen (CNO) cycle. PPCR CNO cycle both

Answered: 1 week ago

Question

★★★★★

1) Help please Time left 0:59:22 In a single-slit diffraction experiment, the width of the slit through which light passes is increased. What happens to the width of the central bright fringe in the...

Answered: 1 week ago

Question

★★★★★

The role of society: This consists of service to the local community, society and nature.

Answered: 1 week ago

Question

★★★★★

13. Think about a relationship conflict you have had in your workplace or home situation. Try to interpret the conflict from the following logical levels: a. Purpose b. Role c. Values d. Competence...

Answered: 1 week ago

Question

★★★★★

7. Imagine a communication situation in a work context or in the home situation that has made a big impression on you, positively or negatively. a. Examine now i. your own intentions ii. what you...

Answered: 1 week ago

Previous Question Next Question